Ginnie Mae MBS issuance totaled $38.7 billion in February, up 1% from January, according to new figures released by the Government National Mortgage Association.
The GNMA report shows issuers securitized $25.7 billion in single-family loans in Ginnie Mae II pools and $4.9 billion in Ginnie I pools in February.
In January, issuers securitized $29.6 billion in single-family loans via Ginnie I and Ginnie II pools.
Securitizations of jumbo mortgages (with balances above $417,000) totaled $1.1 billion in February up from $932 million in January.
Reverse mortgage lenders securitized $695 million in FHA-insured home equity conversion mortgages in February, down from $806 million in the month prior.
February issuance of multifamily MBS was $2 billion, compared to $2.4 billion in the prior month.
Overall,
